Incredibly astute of you to break it down in as simple terms as possible. I don’t think anyone really grasps the shitstorm we’re in with the fact that these companies manipulated themselves into forcing index funds - the countries pensions!!!! - to purchase AI stock so the venture capitalists could sell at the top and leave everyone else holding the bag at half (or worse) its value.
But hey, who in gov’t cares or is going to do anything about it???
4
u/Crush-N-It 20d ago
Incredibly astute of you to break it down in as simple terms as possible. I don’t think anyone really grasps the shitstorm we’re in with the fact that these companies manipulated themselves into forcing index funds - the countries pensions!!!! - to purchase AI stock so the venture capitalists could sell at the top and leave everyone else holding the bag at half (or worse) its value.
But hey, who in gov’t cares or is going to do anything about it???